Tata Motors speeds on receiving RBI’s approval for increasing FII investment limit up to 75%

Tata Motors has received the Reserve Bank of India’s (RBI’s) approval to increase Foreign Institutional Investor (FII) investment limit through differential voting right shares up to 75%. However, the FII limit for ordinary shares of the company will remain unchanged at 35%. Under the scheme, FIIs/NRIs can acquire shares/debentures of Indian companies through the stock exchanges in India. The RBI permission comes after the boards of companies approve hiking FII investment limit.

Tata Motors is India's largest automobile company, is the leader in commercial vehicles in each segment, and among the top in passenger vehicles with winning products in the compact, midsize car and utility vehicle segments. It is also the world's fourth largest truck and bus manufacturer.